Insider Selling: Datadog, Inc. (NASDAQ:DDOG) CTO Sells 127,105 Shares of Stock

Datadog, Inc. (NASDAQ:DDOG) CTO Alexis Le-Quoc sold 127,105 shares of the business’s stock in a transaction that occurred on Tuesday, April 9th. The shares were sold at an average price of $125.53, for a total transaction of $15,955,490.65. Following the transaction, the chief technology officer now directly owns 290,412 shares of the company’s stock, valued at approximately $36,455,418.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Alexis Le-Quoc also recently made the following trade(s):

• On Monday, March 4th, Alexis Le-Quoc sold 37,168 shares of Datadog stock. The shares were sold at an average price of $128.58, for a total transaction of $4,779,061.44.
• On Monday, February 12th, Alexis Le-Quoc sold 127,105 shares of Datadog stock. The shares were sold at an average price of $135.10, for a total transaction of $17,171,885.50.

Datadog Trading Down 2.5 %

NASDAQ:DDOG opened at $127.51 on Friday. The company has a fifty day moving average of $126.61 and a 200 day moving average of $114.53. Datadog, Inc. has a 52 week low of $62.60 and a 52 week high of $138.61. The company has a quick ratio of 3.17, a current ratio of 3.17 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $42.32 billion, a P/E ratio of 1,062.58 and a beta of 1.15.

Datadog (NASDAQ:DDOG) last posted its quarterly earnings results on Tuesday, February 13th. The company reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.01. The company had revenue of $589.65 million during the quarter, compared to analyst estimates of $568.73 million. Datadog had a net margin of 2.28% and a return on equity of 3.79%. The firm’s revenue was up 25.6% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.08) EPS. On average, research analysts predict that Datadog, Inc. will post -0.14 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts recently commented on DDOG shares. Wells Fargo & Company boosted their price objective on shares of Datadog from $100.00 to $130.00 and gave the company an “equal weight” rating in a research note on Friday, February 9th. Royal Bank of Canada lifted their target price on shares of Datadog from $145.00 to $151.00 and gave the company an “outperform” rating in a research report on Wednesday, February 14th. Truist Financial lifted their target price on shares of Datadog from $140.00 to $155.00 and gave the company a “buy” rating in a research report on Wednesday, February 14th. Canaccord Genuity Group reiterated a “buy” rating and set a $150.00 target price on shares of Datadog in a research report on Friday, February 23rd. Finally, Barclays lifted their target price on shares of Datadog from $138.00 to $152.00 and gave the company an “overweight” rating in a research report on Wednesday, February 14th. Six research analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $130.33.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Panagora Asset Management Inc. increased its position in Datadog by 1.0% during the 4th quarter. Panagora Asset Management Inc. now owns 9,026 shares of the company’s stock valued at $1,096,000 after purchasing an additional 89 shares during the period. Benjamin F. Edwards & Company Inc. increased its position in Datadog by 17.9% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 639 shares of the company’s stock valued at $78,000 after purchasing an additional 97 shares during the period. AM Squared Ltd increased its position in Datadog by 25.0% during the 4th quarter. AM Squared Ltd now owns 500 shares of the company’s stock valued at $61,000 after purchasing an additional 100 shares during the period. Yousif Capital Management LLC increased its position in Datadog by 3.2% during the 4th quarter. Yousif Capital Management LLC now owns 3,183 shares of the company’s stock valued at $386,000 after purchasing an additional 100 shares during the period. Finally, Sunbelt Securities Inc. increased its position in Datadog by 5.3% during the 3rd quarter. Sunbelt Securities Inc. now owns 2,177 shares of the company’s stock valued at $198,000 after purchasing an additional 110 shares during the period. 78.29% of the stock is owned by hedge funds and other institutional investors.

About Datadog

Datadog, Inc operates an observability and security platform for cloud applications in North America and internationally. The company's products comprise infrastructure and application performance monitoring, log management, digital experience monitoring, continuous profiler, database monitoring, data streams and universal service monitoring, network monitoring, incident management, workflow automation, observability pipelines, cloud cost and cloud security management, application security management, cloud SIEM, sensitive data scanner, and CI visibility.